Ape Gang tokenomics: $GANG yield & Toucan multiplier
Everyone following Ape Gang’s progress and roadmap knows that our founders have hired a solidity developer who is hard at work on Ape Gang’s own smart contract, which will enable the Q4 2021 launch of Ape Gang’s $GANG token and a wealth of associated utilities.
We are now ready to share two key aspects of Ape Gang’s tokenomics, namely the $GANG yield of individual apes and the Toucan multiplier.
Each ape will yield 1$ GANG per day in perpetuity.
One - and only one - Toucan can be burnt per ape. After burning a Toucan, the respective ape’s $GANG yield will increase to 1.25$ GANG per day in perpetuity (i.e. a 1.25x Toucan multiplier).
$GANG use cases
As Ape Gang’s official token, $GANG will have many use cases within our universe. The two main use cases remain a mystery….for now. Other use cases we are envisioning and working on include entries to exclusive tournaments, in-MetaVerse purchases, customization of your ape, to exclusive merchandise. Just to mention a few examples.